KB Home

Of all major cities in the country, Los Angeles has the highest percentage of population living in poverty. After decades of slow job growth and stagnant wages, 28% of Angelenos — 1 million people — today live below the poverty line. Our city's African American and Latino residents face disproportionately higher rates of poverty. The situation is heartbreaking and unconscionable. That's why I'm supporting the plan that Mayor Eric Garcetti announced Monday to raise the minimum wage to $13.25. The men and women earning minimum wage deserve, at the very least, a paycheck that enables them to support their families. An increase in the minimum wage would not only be...

Related "KB Home" Articles

Of all major cities in the country, Los Angeles has the highest percentage of population living in poverty. After decades of slow job growth and stagnant wages, 28% of Angelenos — 1 million people — today live below the poverty line. Our city's African...

Southern California's biggest home builder has been betting on the higher end of the housing market. And so far, that bet appears to be paying off.
KB Home reported stronger-than-expected earnings Friday, thanks in part to a big push into higher-priced...

Higher home prices are boosting profits at KB Home.
The Los Angeles-based builder on Friday reported profits of $26.6 million in the second quarter, or 27 cents a share, swinging from a loss in the same period last year and beating analysts'...

KB Home is making another bet on Santa Clarita.
The big Los Angeles-based homebuilder has bought 278 lots in two subdivisions in the Plum Canyon area of the north Los Angeles County city, with plans to start construction by early summer.
KB already...

Fixed mortgage rates fell early this week, with Freddie Mac reporting the average for 30-year loans dropped to 4.32% from 4.37% last week.
The McLean, Va., housing finance company said lenders were offering 15-year fixed home loans, a popular option...

Higher interest rates are coming. And they are coming sooner than you think. That's the message investors took away from the Federal Reserve on Wednesday. In response, they sent stocks and gold prices lower and bond yields sharply higher. The Dow Jones...

KB Home Inc. shares were up nearly 7% in early trading Wednesday after the Los Angeles home builder said it posted a first-quarter profit for the first time since 2007.
Revenue, home prices and future orders rose significantly as the company continued to...

For Raffi Kajberouni, the keys to his Santa Clarita home have become relics.
If he locks himself out, no problem. If a friend arrives at his two-story house before him, there's no waiting outside for Kajberouni to arrive. Kajberouni taps his smartphone...

The pace of home price gains appears to be slowing nationally, even as metropolitan markets posted strong year-over-year increases in July, according to a leading index.
Home prices rose 1.8% over June and 12.4% compared with a year earlier, according to...

At the very top, at least, there is some profit in the nonprofit world.
The Chronicle of Philanthropy's annual executive compensation study, released Tuesday, said 34 of the top execs of some of the nation's biggest charities and foundations made $1...

In an area that Los Angeles real estate brokers have dubbed "the lower Westside," the rush is on to fill in the once-sparsely developed land north of LAX and southeast of Marina del Rey with new residences, retail outlets and creative...

Los Angeles builder KB Home will open four new developments in the Inland Empire next week, another sign that the hard-hit region is rapidly becoming a home-building hot spot again.
The builder said Friday that it would open new developments in Chino,...

Residential mortgage rates aren't just up from the bottom -- they have zoomed a full percentage point above recent record lows, reaching the mid-4% range.
The average rate for a 30-year fixed-rate home loan hit 4.63% on Monday, according to HSH...

With demand for energy-efficient homes surging in Southern California, home builders are producing more houses with rooftop solar power systems than ever before.
About 4,000 new homes were built with a rooftop solar power system last year in California...

Jodie Gates — a former principal dancer with the Joffrey Ballet who has since become one of Southern California's most prominent dance leaders — will become the director of the new USC Glorya Kaufman School of Dance. Gates is a professor of dance...

Los Angeles' Museum of Contemporary Art has appointed three new trustees, including Bruce Karatz, the former chief executive of KB Homes who was convicted three years ago on four felony counts of failing to disclose the backdating of stock options.
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The Museum of Contemporary Art in Los Angeles announced Wednesday that it has added three people to its board of trustees. Their election comes at a still-vulnerable time for the museum, which has been dealing with financial problems in recent years.
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When it comes to creating value, Occidental Petroleum Corp. Chief Executive Stephen I. Chazen beats out other Southern California business leaders, according to a new report from Pepperdine University.Chazen helped his Los Angeles company pull in...

Indications that the housing market is shaky but generally improving are continuing to roll in: February’s pending home sales – which represent signed contracts for home purchases – are up over the year but down from January, according to the National...

Bank of America: Lenient landlord? The bank is launching a pilot program that would allow customers with underwater mortgages to avoid foreclosure by becoming renters.In its testing stages, the Mortgage to Lease program will involve fewer than 1,000...